Form 4: DoubleVerify Director Laura Desmond Exercises Options and Reports Beneficial Ownership
SEC Form 4 Filing
Director Laura Desmond exercised options to acquire 37,500 shares of DoubleVerify Holdings, Inc. common stock at $2.01 per share.
Summary
- On March 21, 2025, Laura Desmond, a director of DoubleVerify Holdings, Inc., exercised options to purchase 37,500 shares of common stock at a price of $2.01 per share.
- Following the transaction, Ms. Desmond indirectly owns 175,406 shares of DoubleVerify Holdings, Inc. through the Laura B. Desmond Revocable Trust.
- The options exercised were non-qualified stock options granted on September 20, 2017, which vested on November 22, 2021, upon Providence VII U.S. Holdings L.P. receiving cumulative cash proceeds equal to two times its aggregate cash investment in the Issuer.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, such as directors and officers, trade in their company's stock. These filings provide transparency to the market regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 09/20/2017 | Date of grant for the non-qualified stock options. |
| 11/22/2021 | Vesting date of the options upon Providence VII U.S. Holdings L.P. receiving cumulative cash proceeds. |
| 03/21/2025 | Date of the transaction (option exercise). |
| 03/25/2025 | Date of the Form 4 filing. |
Keywords
DoubleVerify Holdings, Laura Desmond, Director, Option Exercise, Beneficial Ownership, Form 4, Securities, Stock
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